Online retailers are a major part of our current economy. Everything from small, local businesses to major, global corporations sell their goods online. State governments have struggled to evolve with our shopping habits. One particular area of struggle: the application of a state sales tax in e commerce.
The Tax Cuts and Jobs Act (TCJA) will impact the affordability of owning a home or vacation property and using its equity as a means of obtaining lower cost financing for personal expenditures. This will be readily apparent to homeowners when they file their income tax returns for calendar years starting in 2018 in two specific ways.